Federal Reserve Chair Jerome Powell said the central bank doesn’t need to rush to adjust interest rates, again signaling that officials will be patient before lowering borrowing costs further.

It is likely to hold rates steady until it sees more progress on lowering inflation as it awaits more details on Trump plans. Read more at straitstimes.com.

Federal Reserve Chair Jerome Powell said Tuesday that the US central bank was in no hurry to adjust its interest rate-cut policy, as the country's economy maintains resilient growth and a relatively strong labor market.